BNP completes FX changes

PEOPLE NEWS

In New York, Nigel Babbage, formerly head of options and head of North American FX, is now deputy global head of FX trading and global head of prop trading. This team has a headcount of six and is split between New York and London.

Raphael Martorell runs FX spot in the city, filling the void left by Dennis Heidt, who left to join Lehman Brothers (FX Week, April 4). London-based Hubert de Lambilly will run the bank’s global options team. In Singapore, Jason Sie continues to run the FX spot desk.

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